MITI in the News Weekly Bulletin/MITI_Weekly...“ASEAN and You” Thailand: State visit of H.E Joko Widodo President of the Republic of Indonesia to Malaysia from 5th - 7th February

MITI in the News

YB Dato’ Sri Mustapa Mohamed today announced the achievement and updates of the implementation of the National Automotive Policy (NAP) 2014. The NAP was introduced in January 2014. The Minister of International Trade and Industry reiterated that the key objective of the policy is to transform Malaysia into the ENERGY EFFICIENT VEHICLE (EEV) hub by 2020.

The Minister recapped that the focus towards EEV is to make Malaysia the ASEAN hub for EEV, developing the research and development capabilities for right hand drive (RHD) vehicles and related technologies, such as fuel efficiency, light material, telematics, tooling and component design.

The Minister said that Malaysia’s Total Industry Volume (TIV) has further grown by 1.6% in 2014, recording a total industry volume of 666,465 units, compared with 655,793 units in the previous year. Investments approved in the automotive manufacturing sector totalled RM11.5 billion and RM2.6 billion in the after sales and services sectors.

From these investments, a total of RM4.9 billion was realized as at end 2014, increasing the vehicle production capacity by 70,000 units a year. These investments had started in 2013 and will be completed by 2018, resulting in an increase in the existing production capacity from 600,000 units to 923,000 units. A total of eight vehicle manufacturers are involved in these investments.

In line with the Barisan Nasional Manifesto, Dato’ Sri Mustapa added that the average car price dropped by 7.01% across all models and variants introduced in 2014. Comparisons were made between the new and previous on-the-road prices. In 2013, average

car prices reduced by 4.97%. The lower car prices benefitted some 72.5% of car buyers in 2014.

On the EURO 4 fuel implementation, Dato’ Sri Mustapa explained the different timelines for the introduction of petrol and diesel. The Euro 4 for Ron 97 petrol will be introduced in September 2015, nationwide, while Ron 95 will be implemented in 2018. Sales of Euro 5 diesel have already begun at 12 fuel stations in Johor. The Minister also said that Euro 5 diesel will be introduced to other states this ear.

In terms of talent development, the Minister said a total of 8,075 people were trained by the Malaysia Automotive Institute (MAI). Almost all of these trainees had secured jobs in the automotive industry at salaries about 25% higher than the industry average. In total, the automotive industry created 21,072 new jobs in 2014, comprising mostly technicians, skilled and semi-skilled workers and engineers. The competitiveness of the automotive suppliers had also improved through

the implementation of the Lean Production System (LPS) and Automotive Supplier Excellence Programme (ASEP) under MAI. These initiatives had improved productivity by 21.5% and generated cost savings of RM 601.3 million among 277 vendors.

On the development of technology, 21 technology projects were initiated as at end 2014 with a value of about RM 39.9 million. A total of 4 projects have been commercialized by December 2014.

The NAP 2014 also aims to develop the Bumiputera talent in the automotive sector and to increase their participation in the industry. Several initiatives have commenced involving workshop transformation, establishing new motorcycle dealerships, automotive remanufacturing and others. As at 2014, the 250 participating companies enjoyed cumulative additional revenues of RM83.6 million.

Ministry of International Trade and Industry30 January 2015

The National Automotive Policy 2014ACHIEVEMENT AND UPDATES

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MITI Weekly Bulletin / www.miti.gov.my 01

A collaboration between the Ministry of International Trade and Industry (MITI) and TalentCorp, MY ASEAN Internship aims to increase awareness of ASEAN among youth in Malaysia.

The programme enables Malaysian students in local universities to intern with leading employers at various ASEAN locations, and ASEAN students in Malaysian universities to intern in Malaysia.

MY ASEAN INTERNSHIP

MY ASEAN Internship is aimed at increasing overall awareness on ASEAN among youth in Malaysia and looks to place 100 high-achieving students from Malaysian universities as interns in Malaysian companies with regional operations within ASEAN countries. Meanwhile, ASEAN youth studying in Malaysian universities will intern in Malaysia.

The programme was first mooted by the Minister of International Trade and Industry YB Dato’ Sri Mustapa Mohamed during the ASEAN Economic Community 2015 Dialogue on 7 August 2014 as a means of broadening perceptions of ASEAN, particularly among Malaysian youth. It was officially announced by the Prime Minister of Malaysia YAB Dato’ Sri Najib Tun Razak at the Business Leaders Dialogue organised by the Economic Planning Unit, the Securities Commission Malaysia (SC) and TalentCorp on 26 August 2014.

The pioneer group of employers participating in this programme comprises 12 leading organisations with business operations in one or more ASEAN countries. They are Air Asia, Axiata, BDO, CIMB, Digi, GE, Maybank, Nestle, Securities Commission Malaysia, Sime Darby, Sunway, and ZICOlaw.

The programme is open to all penultimate or final year Malaysian and ASEAN students in public and private Malaysian universities with a minimum cumulative GPA of 3.0 or equivalent. Additionally, students who have completed their studies within six months are eligible to apply for the programme. Successful applicants will be offered a 10-week internship starting July 2015 at the participating companies’ offices in ASEAN and Malaysia.

To participate in the MY ASEAN Internship, visit Ready4Work.my. Applications open on 10 February 2015.

Source : MITI


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Labour Force Market, November 2014

Persons Employed and Unemployment Rate November 2013 - November 2014

MALAYSIA

Note :

Labour Force: Those who are in the 15-64 age group who are either employed or unemployed

Unemployed (‘000)375.1

(2.7%)

Labour Force (‘000)14,082.9

2013 2014

13.7 13.5 13.5 13.4 13.4 13.5 13.6 13.6 13.6 13.5 13.7 13.7 13.7

3.3

3.43.0

3.3

3.2

3.02.9

2.8

2.8

2.7

2.7

2.7

2.7

0

0.5

1

1.5

2

2.5

3

3.5

4

13.25

14.05

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

Persons employed (mil)Unemployment Rate (%)

Source : Department of Statistics, MalaysiaNote: Unemployment rate is the proportion of unemployed population to the total population in labour force

Employed (‘000)13,707.8(97.3%)

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Unemployment Rate

November 201467.5%

% change 0.3%

November 20142.7%

November 20133.4%

% change 0.7% Source : Department of Statistics, Malaysia

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015*

Net International Reserves 59.1 99.4 117.2 109.1 113.6 128.2 168.0 251.7 265.2 290.4 335.7 317.4 331.3 328.6 423.3 427.2 441.9 405.5 388.6

Expressed asNumber of Monthsof Retained Imports

3.4 5.7 5.9 4.5 5.1 5.4 6.5 7.9 7.7 7.8 8.4 7.6 9.8 8.5 9.6 9.5 9.6 8.4 8.1

59.1

388.6

3.4

8.1

0

2

4

6

8

10

12

0

100

200

300

400

500

Mon

th

RM B

illio

n

Net International Reserves (1997-2015)

Source : Bank Negara, MalaysiaNote: * as at 15 Jan 2015

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Malaysia Economy: Issues and Prospects

Federal Goverment Finance

213,370 225,094 211,270 221,112

40,684 41,273 -

50,000

100,000

150,000

200,000

250,000

300,000

2013 2014

RM M

illio

n

Revenue Operating Expenditure Development Expenditure (Net)

Note: GDP at Current Prices , 2014: RM1,078,176 mil 2013:RM986,733 mil.Source : Bank Negara, Malaysia

Overall Surplus/ Deficit of GDP 2013: -3.9% 2014: -3.5%

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Source : MPOB, Bloomberg, Malaysian Rubber Board, MATRADE, DOSM

Source : Department of Statistics, Malaysia and BNM

Note: All data reflect 2013 figures

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Source: Bank Negara Malaysia

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“ASEAN and You”

Thailand:

State visit of H.E Joko WidodoPresident of the Republic of Indonesia

to Malaysiafrom 5th - 7th February 2015

Indonesia Economic IndicatorsTrade with Malaysia, 2005 - Nov. 2014

3,311.9

9,064.9

4,372.07,760.6

-1,060.1 1,304.3

-6,000

-1,000

4,000

9,000

14,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (Jan-Nov)

Export Import Trade Balance

USD Mil.

NationalAccount

GDP Growth Rate

4.9% ( Q3 2014)

External Trade (Q4 2014)

Exports: US$ 43,586.5 mil.Imports: US$ 43,804.1 mil.

Total Trade : US$ 87,390.6 mil.

PricesInflation Rate

6.96% (Jan 2015)

Financial Account

(Q2 2014)

Net Foreign Direct Investment

US$ 6,691.2 mil.

LabourUnemployment Rate

5.94% (Q2 2014)

Area1,904,569 km2 735,358 sq mi

PopulationTotal Population

252,164,8002014 estimate

Source: Statistics Indonesia, Tradingeconomics ,http://en.wikipedia.org

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Save the Date...ASEAN-OECD Conference And Meetings On Good Regulatory Practice

The government of Malaysia, as the 2015 Chair of ASEAN together with the Organisation for Economic and Co operation Development (OECD) as its knowledge partner will host three events on 9-12 March 2015 to assist embedding Good Regulatory Practice (GRP) across ASEAN in 2015:

Monday 9 March 2015: ASEAN OECD Centres of Government Meeting (by invitation)

Hosted by the Chief Secretary to the Government of Malaysia, this high level meeting will focus on the role of GRP to drive more responsive public administration. The meeting will bring together the Heads of Public Administrations, Prime Minister’s Offices, Cabinet Secretaries, and Secretaries-General of the Government from across ASEAN and OECD countries.

Tuesday 10 – Wednesday 11 March 2015: ASEAN-OECD GRP ConferenceThe conference will provide a high-level platform to initiate a broader agenda on GRP within ASEAN that can support closer intra- and inter-regional connectivity and economic integration. The conference will bring together government officials and regulators from AMS and OECD countries, representatives of business and civil society, academia, regional and international organisations.

Thursday 12 March: ASEAN OECD Good Regulatory Practices Network Meeting (by invitation)Chaired by Malaysia and New Zealand, this meeting will provide a government-to-government discussion on advancing the GRP agenda nationally as well as regionally. The meeting will bring together senior officials responsible for GRP initiatives in individual AMS, with the support of OECD peers.

More detailed information, including an agenda, invite and registration forms will be forthcoming in early 2015. For further information please contact: [email protected]

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GDP2.6 %

(GDP Q4 2014, Advance Estimate)

Consumer Price Index

Dec 2014234.8

Inflation RateDec 2014

0.76%

Unemployment RateDec 2014

5.6%

Producer Price Index

Dec 2014- 0.3(P)*

USA Economic Indicators

Source: MTI Washington, D.C.

*Note: Preliminary – All indexes are subject to revision four months after original publication

International Repor t

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Top 20

Source :eca-international.com

Global liveability index for Asian expatriates

Location

Singapore 11 122 433 744 1144 1166 3377 6588 7699 86

1010 931111 1011212 1031315 1101413 1121413 1121617 1181616 1181819 1221918 1242021 126

OsakaNagoyaTokyo

YokohamaHong Kong

TaipeiBusanMacauSeoul

KaohsiungUlsan

ShanghaiBangkok

Chiang MaiGeorge Town

Kuala LumpurBeijingSuzhou

Johor Bahru

Ranking of Asian locationsAsia

Rank2015

AsiaRank2014

WorldRank2015


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Source : http://econ.worldbank.org

0.025

0.026

0.027

0.028

0.029

0.030

0.29

0.30

0.31

0.32

0.33

0.34

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

2014 2015

100 KRW = RM 100 IDR = RM

100 IDR = RM 0.028

100 KRW = RM 0.32

Source : http://www.gold.org/investments/statistics/gold_price_chart/ Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz

Malaysian Ringgit Exchange Rate with South Korean Won and Indonesian Rupiah

Gold and Silver Prices, 14 November 2014 - 30 January 2015

Aluminum, Nickel and Copper Prices, January 2014 - January 2015

Source : Bank Negara, Malaysia

1,815

5,831

14,849

-

2,500

5,000

7,500

10,000

12,500

15,000

17,500

20,000


2014 2015

US$/mt

Aluminum Copper Nickel

37.6

40.5

36.0

37.0

38.0

39.0

40.0

41.0

42.0

43.0

14

Nov

21

Nov

28

Nov

5 D

ec

12

Dec

19

Dec

26 D

ec

2 Ja

n

9 Ja

n

16 Ja

n

23 Ja

n

30 Ja

n

US$/Gram Gold

16.3 17.3

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5 1

4 No

v

21

Nov

28

Nov

5 D

ec

12

Dec

19

Dec

26 D

ec

2 Ja

n

9 Ja

n

16 Ja

n

23 Ja

n

30 Ja

n

US$/Oz Silver

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Source: Ministry of International Trade and Industry, Malaysia

Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, Leichtenstein and Cambodia.

AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009) ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)

AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)

MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)

MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)

MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 JanAANZFTA 82 43 73 66 80 115 76 86AIFTA 150 99 123 77 178 110 132 139AJCEP 100 87 78 50 34 136 75 75

0

20

40

60

80

100

120

140

160

180

200

RM

mill

ion

7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 JanATIGA 755 590 9,561 2,489 790 561 4,904 546ACFTA 927 764 852 414 451 306 303 464AKFTA 875 538 245 137 126 656 166 184

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

RM

mili

ion

7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 JanMICECA 37.51 30.00 60.61 31.94 53.02 44.94 39.93 65.37MNZFTA 0.40 0.14 0.12 0.07 0.07 0.31 0.09 0.08MCFTA 37.71 7.43 14.55 9.35 14.10 12.17 24.98 9.42MAFTA 29.20 24.05 33.37 24.97 47.84 28.88 96.36 42.20

0

20

40

60

80

100

120

RM m

illio

n

7 Dec 2014 14 Dec 2014 21 Dec 2014 28 Dec 2014 4 Jan 2015 11 Jan 2015 18 Jan 2015 25 Jan 2015

AANZFTA 919 602 879 746 766 819 809 963AIFTA 601 458 589 416 441 498 584 531AJCEP 285 191 188 173 134 325 185 170ATIGA 4,749 3,925 4,731 3,336 4,021 3,967 4,297 3,775ACFTA 1,664 1,405 1,638 1,336 1,167 1,231 1,429 1,150AKFTA 741 750 840 633 597 585 629 767MICECA 274 251 305 223 314 267 266 302MNZFTA 6 12 11 4 9 10 3 6MCFTA 89 65 79 42 48 61 74 39MAFTA 336 328 379 322 341 375 376 417MJEPA 967 773 713 702 741 948 835 874MPCEPA 143 151 113 122 124 157 160 160GSP 122 93 162 136 94 144 112 163

7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 JanMJEPA 159 128 125 93 179 145 152 355MPCEPA 13 42 14 14 11 34 75 20GSP 14 16 19 17 14 20 17 28

0

50

100

150

200

250

300

350

400

RM

mill

ion

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates

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MITI Weekly Bulletin / www.miti.gov.my13

Commodity Prices

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated n.a Not availble

CommodityCrude

Petroleum (per bbl)

Crude Palm Oil (per MT)

Raw Sugar

(per MT)

Rubber SMR 20(per MT)

Cocoa SMC 2

(per MT)

Coal(per MT)

Scrap Iron HMS**

(per MT)30 Jan 2015

(US$) 48.2 645.0 331.3 1,384.5 1,958.9 49.9 n.a (high)n.a (low)

% change* 5.7 5.4 4.1 1.5 5.1 2.3 n.an.a

2014i 54.6 - 107.6 823.3 352.3 1,718.3 2,615.8 59.8 370.0

2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6

Source : Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.

Highest and Lowest Prices, 2014/2015

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum (30 January 2015)US$48.2 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

20152 Jan 2015: 53.8

201523 Jan 2015: 45.6

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (30 January 2015)US$645.0 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

201516 Jan 2015: 701.0

201530 Jan 2015: 645.0

Steel Bars(per MT)

RM1,900 - RM2,000

Average Domestic Prices, 9 Jan 2015

Billets(per MT)

RM1,600 - RM1,700


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Source : Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.

Commodity Price Trends732.0

720.0

716.0700.5

681.5

669.0

664.0

699.2 696.1701.0

682.0

645.0

620

640

660

680

700

720

740

14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan

US$

/mt

Crude Palm Oil

2,529.0

2,351.72,326.7

2,326.7

2,218.8

2,288.1

2,280.4

2,280.4

2,117.5

2,187.8

2,065.2

1,958.91,900

2,000

2,100

2,200

2,300

2,400

2,500

2,600


US$

/mt

Cocoa

76.7

68.766.4

59.158.1

56.454.6

53.848.4 48.7

45.648.2

40

45

50

55

60

65

70

75

80


US$

/bbl

Crude Petroleum

355.0 355.0 355.0

320.0 320.0 320.0 320.0 320.0 320.0 320.0

330.0

320.0

345.0 345.0 345.0

300.0 300.0 300.0 300.0 300.0 300.0 300.0

320.0

300.0

270

280

290

300

310

320

330

340

350

360

370

24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan

US$

/mt

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

1541.01525.0

1,513.0

1,481.0

1,436.5

1,481.0

1,470.5

1,520.5

1,453.0

1,396.5

1,406.0

1,384.5

1,350

1,400

1,450

1,500

1,550

1,600


US$

/mt

Rubber SMR 20

332.5

337.8

314.5

322.0319.8

314.8 314.0309.3

301.8

335.3

345.5

331.3

280

290

300

310

320

330

340

350

360


US$

/mt

Raw Sugar

52.0

53.0

53.152.8 52.8

51.751.8

51.8

53.5

51.6

51.1

49.9

48.0

49.0

50.0

51.0

52.0

53.0

54.0


US$

/mt

Coal

128.1

121.4

111.8

114.6

100.6

92.796.1

92.6

82.4

81.0

74.0 68.0

68.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

140.0


2014 2015

US$

/dm

tu

Iron Ore

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MITI Weekly Bulletin / www.miti.gov.my15

For each of the playgrounds they design, Pro-Landscape Structure Sdn Bhd needs to see the world from a child’s perspective. Meet Malaysia’s most successful playground builder and designer, Pro-Landscape Structure Sdn Bhd. This is the company behind all the creative play equipment seen in a majority of parks, commercial and residential areas in the country. In a span of just over 10 years, Pro-Landscape Structure has moved to the top of the market, being the most sought-after builder of playgrounds and play equipment in the country. DIVERSIFYING THE BUSINESS

The company is always on the lookout for ways to improve and stay ahead of the game, as competition is very keen. One rule of thumb to follow is to always launch new designs and products once in every two years. Time and effort was also invested in rebranding the company, and providing staff with all the necessary training required to maximise their individual potentials. Other areas that Pro-Landscape Structure works in include outdoor gyms, garden furniture and tensile membranes to name a few. Expansion plans are important as Pro-Landscape Structure is a big believer in ever challenging their existing strengths and standing. Some of the company’s biggest international clients come from countries such as Kuwait, Lebanon, Bangladesh, the Philippines, Thailand and Vietnam.

The company gives all credit to MATRADE for their steady expansion and firm foothold in the global market. MATRADE trade missions and trade fairs immensely helped Pro-Landscape Structure with much needed international exposure and penetration.MATRADE has also allowed the business to have significant presence overseas.

Some of the clients secured from such trade fairs are now long-standing ones - who always return to the company for new offerings and products.“When we go for such trade missions and fairs, we are always on the lookout for agents in each country who can help us with marketing. Of course, there are many bogus agents out there. MATRADE has been providing very sound and reliable counsel for this, and have assisted in all the necessary verification details of these agents for us,” says Faris Abdul Halim,

Managing Director of Pro-Landscape Structure Sdn Bhd.These exhibitions also allow for the company to form new friendships and strong networking bonds.

DESIGNING FOR CHILDREN, A DEEP PASSION

Faris found his love for designing a fantasyland for children when he joined the sales team of another company selling play equipment. Though his journey with Pro-Landscape began in the early 2000s, his risk-taking attitude, focus and ambitions were moulded into his character from his university days in Sydney, where he was studying and working for almost ten years. Faris then returned to Malaysia and started to seek employment in the logistics industry. Eventually, he found himself employed with a well-known play equipment company doing sales. As he continued to close deals, it did not take long for Faris to climb the corporate ladder and reach a prominent position in the company. However, reaching a top management position with a fairly reasonable salary was still not satisfying enough for him. It was at this juncture that he decided to resign and start out on his own, thus forming Pro-Landscape Structure Sdn Bhd, one of Malaysia’s most successful playground builders today.

PRO-LANDSCAPE STRUCTURE SDN. BHD.No. 53, Jalan BRP 8/2,

Bukit Rahman Putra Industrial Park,47000 Sungai Buloh,Selangor .

Tel: +603-61403018,Fax: +603-61403027E-mail: [email protected]

SUCCESS STORY

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MITI ProgrammeMAJLIS PERHIMPUNAN PERDANA MITI DAN AGENSI 2015

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MALAM MITI30 January 2015“D

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th”

18 MITI Weekly Bulletin / www.miti.gov.my

NEGATIVE PRELIMINARY DETERMINATION OF AN ANTI-DUMPING INVESTIGATION WITH REGARDS TO THE IMPORT OF STEEL

CONCRETE REINFORCING BAR IN STRAIGHT FORM ORIGINATING OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA AND REPUBLIC OF KOREA

The Anti-Dumping duty investigation on imports of Steel Concrete Reinforcing Bar (Rebar) in straight length form into Malaysia was initiated on 2 September 2014 after the Investigating Authority (IA) received a petition from Ann Joo Steel Berhad (the Petitioner) claiming that the imports of Rebar into Malaysia from the People’s Republic of China (PRC) and Republic of Korea (ROK) caused serious injury to the domestic industry. However, based on paragraph 23(2)(b) of the Countervailing and Anti-Dumping Duties Act 1993, the Government of Malaysia has decided to terminate this investigation. The Government of Malaysia has determined that the termination of the investigation with regard to the imports of Rebar in straight length form, specifically excluding the reinforcing bar in plain rounds form, which is a non-deformed or smooth reinforcing bar in straight length form, equal to or less than 6 meters for non-construction industry usage classified under Harmonized System Code (H.S.Code) 7214.20.210, 7214.20.290, 7214.20.910, 7214.20.990, 7228.10.100, 7228.10.900, 7228.20.100, 7228.20.900, 7228.30.100, 7228.30.900, 7228.40.100, 7228.40.900, 7228.50.100, 7228.50.900, 7228.60.100 dan 7228.60.900 originating in or exported from PRC and ROK (“the subject merchandise”) as follows:

(i) the export price of the subject merchandise is higher than its normal value or at de minimis level; and(ii) no material injury on the domestic industry in Malaysia producing the like product that can be reasonably linked to the importation of the subject merchandise. All interested parties may access the notice of negative preliminary determination of the anti-dumping duty investigation of “the subject merchandise” from MITI's website at www.miti.gov.my

Ministry of International Trade and IndustryKuala Lumpur, Malaysia30 January, 2015

Announcement

Dr. Jane Goodall (born 1934), English primatologist, ethologist, anthropologist and UN Messenger of Peace.

"Change happens by listening and then starting a dialogue with the people who are doing something you don't believe is right."

Quote of the day

“DR

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ransformation, P

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rowth”


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IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Documents

MITI in the News Weekly Bulletin/MITI_Weekly...“ASEAN and You” Thailand: State visit of H.E Joko Widodo President of the Republic of Indonesia to Malaysia from 5th - 7th February